Economic Load Forecasting Analyst

FirstEnergy; Greensburg (Westmoreland County); On-site; USD 85,000 - 110,000; Full time

Job summary

FirstEnergy in Akron, OH with open positions in Greensburg and Reading seeks an Economic Load Forecasting Analyst to join the Strategy team. You will support financial forecasting and analysis for the regulated distribution and transmission businesses, coordinating with units and management to prepare energy, peak load, and revenue forecasts.

The role reports to the Director of Load Forecasting and requires deep data analysis, experience with large datasets, and programming in Python, R, or SQL.

Qualifications

• Bachelor's degree is required; advanced degree a plus.
• 4-8 years' relevant work experience in data analysis, forecasting, or financial statement analysis.
• Proficient in Microsoft Office applications (Excel, Word, PowerPoint).
• Experience working with large datasets; programming in Python/ R/ SQL a plus.

Responsibilities

• Support the customer, energy and revenue forecast processes.
• Represent energy load forecasts in rate proceedings and regulatory filings.
• Streamline forecasting processes to improve accuracy and efficiency.
• Use data mining and analytics to enhance forecast processes.
• Coordinate actual results and forecasting data reporting for financial schedules.

Skills

Analytical skills

Communication skills

Team collaboration

Problem solving

Attention to detail

Education

Bachelor's degree in Mathematics, Statistics, Economics, Engineering, Computer Science, Information Technology, Business, Finance or related discipline

Tools

Python

R

SQL

Excel

Job description

FirstEnergy at a Glance

We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger.

FirstEnergy (NYSE: FE) is dedicated to safety, reliability, and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of 3,780 megawatts.

About the Opportunity

This is an open position within FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.

The reporting location for this onsite position may be based at either FirstEnergy's Akron, OH; Greensburg, PA; or Reading, PA location.

Position level and compensation will be determined based on the selected candidate’s education, relevant experience, demonstrated skills, and overall qualifications.

The Economic Load Forecasting Analyst provides financial planning and/or reporting activities as a member of the Strategy organization. This individual supports the financial forecasting and analysis specific to the regulated distribution and transmission business segment within FirstEnergy as well as direct coordination on FirstEnergy consolidated financial results. The group is also responsible for preparing timely and accurate energy, peak load, and revenue forecasts for use by the business units and management to support decision-making.

The position reports to the Director of Load Forecasting.

Responsibilities include:

• Support the customer, energy and revenue forecast processes




• Represent the Company's energy load forecasts through rate proceedings and other regulatory filings as needed




• Streamline existing and develop new forecasting processes to improve accuracy and efficiency




• Effective use of data mining and analytical tools to enhance forecast processes and prepare relevant analyses




• Evaluate forecast input data for accuracy, with the ability to detect trends and outliers.




• Support regulatory filings related to forecasts




• Coordinating periodic actual results and forecasting data reporting, including various forms of financial management schedules




• Providing excellent customer service through timely and accurate information, analysis and reporting




• Able to develop positive working relationships with employees at all levels




• Offer ideas and suggestions to improve complex work processes and projects




• Supporting the tracking and analysis of the financial key performance indicators




• Developing effective working relationships with employees at all levels of FirstEnergy




• Understanding the financial and strategic goals of FirstEnergy




• Perform various customer analyses by effectively compiling, analyzing and comparing large volumes of billing data




• Maintain a safe workplace for coworkers

Qualifications:

• Bachelor's degree in Mathematics, Statistics, Economics, Engineering, Computer Science, Information Technology, Business, Finance or related discipline required. Advanced degree a plus.




• A minimum of 4-8 years' relevant work experience is required. Relevant work experience includes working knowledge of in-depth data analysis, reporting and forecasting processes, rate and regulatory filings, or financial statement analysis.




• Proficient in Microsoft Office applications (Excel, Word, PowerPoint).




• Experience working with large datasets




• Experience with programming languages, such as Python, R, and SQL a plus.




• Demonstrate a questioning attitude to learn, produce results, and develop relationships




• Strong critical thinking skills




• Desire to continue to learn and grow




• Display analytical abilities, including problem solving and decision making




• Deliver quality, accurate work within established deadlines




• Sound written and verbal communication skills




• Ability to work in a team environment




• Excellent written and oral communication skills




• Excellent time management skills

Benefits, Compensation & Workforce Diversity

At FirstEnergy, employees are key to our success. We depend on their talents to meet the challenges of our changing business environment. We are committed to rewarding individual and team efforts through our total rewards philosophy which includes competitive pay plus incentive compensation, a company-sponsored pension plan, 401(k) savings plan with matching employer contribution, a choice of medical, prescription drug, dental, vision, and life insurance programs, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of our employee rewards programs. FirstEnergy proudly supports workforce diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with a disability. No recruiters or agencies without a previously signed contract. Unable to sponsor or transfer H-1B visas at this time.

Safety

Safety is a core value for FirstEnergy and is essential to all our business activities. We ensure employees have the tools, information, and processes to perform their duties in a manner that assures safety for themselves, their co-workers, our customers and the public. Our goals are to provide a safe work environment, to maintain an accident-free, injury-free workplace, and to promote and maintain public safety. To meet these goals, we dedicate ourselves to achieving world-class safety standards.

Position Classification

Exempt